Wednesday, September 15, 2010

RBI AMENDS HTM NORMS FOR BANKS

Reserve Bank of India said banks need to disclose the value of investments under the hold-to-maturity (HTM) portfolio if transactions in that category are above 5% of investments at the start of the year. Banks also need to indicate the excess of book value over market value for which provision is not made in the HTM segment. This disclosure is required to be made in 'Notes to Accounts' in banks' audited annual financial statements.

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